Zip 57103 (Sioux Falls, SD) Housing

The housing market in Sioux Falls, SD (57103) is particularly strong compared to the US average. The median value of homes in Sioux Falls is $262,400, which is lower than the US median of $338,100. However, homes in this area have appreciated at a higher rate than the national average over the past year. In fact, home values have increased by 12.34%, while the US has only seen an increase of 8.27%. This indicates that Sioux Falls is a desirable location for potential buyers and investors alike due to its solid housing market and high appreciation rate.

The median home cost in Sioux Falls (zip 57103) is $262,400. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Sioux Falls (zip 57103) is up 17.7%.

Average Age of Homes

- The median age of Sioux Falls (zip 57103) real estate is 41 years old

The Rental Market in Sioux Falls (zip 57103)

- Renters make up 29.6% of the Sioux Falls (zip 57103) population
- 2.3% of houses and apartments in Sioux Falls (zip 57103), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Sioux Falls, South Dakota	United States
	15,074.0	139,647,020.0
	43	42
	$262,400	$338,100
	17.7%	16.6%
	57.7%	57.0%
	95.2%	101.1%
	$14.06	$10.98
	$2,720	$2,690
	63.3%	57.4%
	6.5%	11.2%
	30.2%	31.4%
Vacant Housing
	2.3%	1.9%
	0.2%	0.4%
	0.9%	0.7%
	0.4%	0.4%
	0.3%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	1.4%	2.4%
	1.4%	2.8%
	4.2%	3.9%
	2.2%	4.5%
	18.5%	11.3%
	23.4%	13.0%
	28.1%	20.1%
	11.7%	13.6%
	3.8%	8.3%
	1.7%	9.7%
	1.4%	3.9%
	0.6%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.6%	13.6%
	7.6%	13.6%
	20.0%	13.6%
	14.4%	13.2%
	22.1%	14.8%
	20.0%	13.6%
	9.3%	10.0%
	3.1%	4.7%
	7.9%	12.2%

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